Can I retire at age 65 with 923,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $923,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$76,220$75,542$74,879$74,233$73,601$72,531
2 years$37,733$37,030$36,349$35,689$35,048$33,973
3 years$24,905$24,200$23,520$22,866$22,236$21,188
4 years$18,493$17,789$17,117$16,474$15,859$14,847
5 years$14,646$13,947$13,283$12,653$12,056$11,082
6 years$12,083$11,389$10,735$10,119$9,539$8,606
7 years$10,253$9,564$8,921$8,319$7,758$6,864
8 years$8,880$8,198$7,565$6,979$6,436$5,582
9 years$7,814$7,138$6,516$5,945$5,420$4,606
10 years$6,961$6,292$5,681$5,124$4,618$3,843
11 years$6,264$5,601$5,001$4,460$3,972$3,235
12 years$5,683$5,027$4,439$3,912$3,442$2,743
13 years$5,192$4,543$3,966$3,453$3,001$2,338
14 years$4,772$4,130$3,563$3,066$2,631$2,003
15 years$4,407$3,773$3,217$2,734$2,317$1,723
16 years$4,089$3,461$2,917$2,448$2,047$1,487
17 years$3,809$3,188$2,654$2,199$1,815$1,287
18 years$3,560$2,946$2,423$1,982$1,614$1,116
19 years$3,337$2,730$2,218$1,791$1,439$970
20 years$3,137$2,537$2,036$1,622$1,285$845
21 years$2,956$2,363$1,872$1,472$1,150$737
22 years$2,792$2,206$1,726$1,339$1,031$644
23 years$2,642$2,063$1,593$1,219$925$563
24 years$2,505$1,933$1,474$1,112$832$492
25 years$2,380$1,814$1,365$1,015$748$431
26 years$2,264$1,705$1,266$928$674$378
27 years$2,157$1,604$1,175$850$608$331
28 years$2,057$1,512$1,093$779$548$291
29 years$1,965$1,426$1,017$714$495$255
30 years$1,879$1,347$947$655$447$224
31 years$1,799$1,273$883$602$405$197
32 years$1,723$1,205$824$553$366$173
33 years$1,653$1,141$769$509$331$152
34 years$1,587$1,081$719$468$300$134
35 years$1,525$1,026$672$431$272$118
36 years$1,466$973$629$397$246$104
37 years$1,411$925$588$366$223$91
38 years$1,358$879$551$337$202$80
39 years$1,309$836$516$311$183$71
40 years$1,262$795$484$287$166$62
41 years$1,217$757$454$264$151$55
42 years$1,175$721$426$244$137$48
43 years$1,135$687$399$225$124$42
44 years$1,097$655$375$208$113$37
45 years$1,060$624$352$192$102$33
46 years$1,025$595$331$177$93$29
47 years$992$568$311$164$84$26
48 years$961$542$292$151$77$22
49 years$930$518$274$140$70$20
50 years$901$495$258$129$63$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $923,000, adding $4,486 every year, while hoping to spend $26,122 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 74/7/19 Blend
64$923,000$923,000$923,000$923,000
65$1,021,773$972,854$958,548$1,092,503
66$1,098,201$992,731$962,866$1,159,900
67$1,181,548$1,012,705$966,452$1,230,114
68$1,272,494$1,032,756$969,256$1,306,378
69$1,371,784$1,052,857$971,223$1,389,289
70$1,480,242$1,072,982$972,294$1,479,504
71$1,598,771$1,093,103$972,410$1,577,747
72$1,728,367$1,113,187$971,508$1,684,815
73$1,870,128$1,133,200$969,521$1,801,588
74$2,025,261$1,153,107$966,379$1,929,033
75$2,195,095$1,172,867$962,011$2,068,218
76$2,381,095$1,192,437$956,338$2,220,319
77$2,584,873$1,211,773$949,282$2,386,632
78$2,808,205$1,230,825$940,758$2,568,585
79$3,053,046$1,249,540$930,678$2,767,751
80$3,321,551$1,267,862$918,950$2,985,866
81$3,616,092$1,285,730$905,478$3,224,840
82$3,939,282$1,303,079$890,160$3,486,780
83$4,294,000$1,319,841$872,891$3,774,008
84$4,683,415$1,335,940$853,560$4,089,081
85$5,111,021$1,351,299$832,052$4,434,820
86$5,580,665$1,365,832$808,245$4,814,331
87$6,096,584$1,379,449$782,012$5,231,041
88$6,663,447$1,392,054$753,222$5,688,722
89$7,286,399$1,403,544$721,734$6,191,535
90$7,971,104$1,413,811$687,406$6,744,064
91$8,723,807$1,422,738$650,084$7,351,362
92$9,551,385$1,430,201$609,611$8,018,998
93$10,461,414$1,436,069$565,821$8,753,108
94$11,462,244$1,440,202$518,542$9,560,457
95$12,563,072$1,442,452$467,592$10,448,498
96$13,774,033$1,442,659$412,784$11,425,449
97$15,106,291$1,440,656$353,919$12,500,362
98$16,572,151$1,436,266$290,793$13,683,218
99$18,185,165$1,429,299$223,190$14,985,014
100$19,960,271$1,419,553$150,886$16,417,872